Click here to read or make comments on this topic »
AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.
The decision to give Zimbabwe no more than a slap on the wrist for the human rights abuses which its army has committed on the Marange alluvial diamond fields in the south-east of the country seriously threatens the future of the diamond industry's initiative to avert consumer boycotts of its gemstones.
As if they were going to the races, Emma Musako and Monica Mhango showed up in their finest outfits to attend a meeting on the health, social and environmental impacts of uranium mining. They came because they, like the other attendees, no longer want to remain uninformed citizens.
The credibility of the world's "blood diamond" monitoring group has been damaged after its failure this week to suspend Zimbabwe despite overwhelming evidence of serious human rights abuses and smuggling in the Marange diamond fields in eastern Zimbabwe, Human Rights Watch said today.
Transcript of remarks by President Barack Obama of the United States and President Ian Khama of Botswana after a meeting in the Oval Office of the White House on Thursday November 5, 2009:
IN a move with damaging implications for investment, Zimbabwe plans to grab a 51% stake in foreign-owned firms within 60 days of the gazetting of the Indigenisation and Economic Empowerment Act regulations, documents in the possession of the Zimbabwe Independent show.
AS the country awaits the 2010 national budget economic analysts say focus should be on providing incentives to boost local manufacturing sector, realignment of tax rates and further tightening of government spending. Minister of Finance Tendai Biti, as per tradition, is expected to present the budget during the last week of November but disengagement by MDC -T from government activities might ...
AFTER Zimbabwe belatedly attained Independence in 1980, the country enjoyed economic recovery and growth for four years. However, thereafter for almost 25 years it has been in almost continuous economic morass, save for a few distressingly brief intermissions when some relatively minimum economic upturns materialised.
THE Reserve Bank of Zimbabwe (RBZ) last week started buying bonds it had issued to gold miners in February this year after it failed to pay for deliveries made by miners. This is a surprise move especially at a time when the RBZ governor, Gideon Gono, had confirmed that the central bank had not been receiving fiscal support since the beginning of the year.
MWANA Africa has secured US$10 million funding for Freda Rebecca Mine from the Industrial Development Corporation of South Africa. This loan facility is expected to enable Mwana to accelerate the implementation of the mine's refurbishment programme which is expected to spur the gold mining company's output to more than 50 000 ounces of gold per year.
DESPITE the serious shakiness of the inclusive government, apparent from the onset, investors had begun showing renewed interest in the country since its formation. The main attraction has been the hope for an economic revival emanating from some good polices put in place by the government. A recent IMF report hailed the local fiscal authorities' strict adherence to cash budgeting as one of the ...
WHAT will a farmer do to have a successful crop, especially at a time when loans are hard to access? Farmers, both established and new, are faced with a challenge to raise funds to finance their crop after the Reserve Bank, which had become a perennial financer of agriculture, ceased quasi-fiscal operations to focus on its core business.
AFRE Chief Executive Officer Patterson Timba has increased his shareholding in Rainbow Tourism Group (RTG) after British millionaire Nicholas Van Hoogstraten sold his 10% stake in the Zimbabwe Stock Exchange-listed hotel and leisure group. This comes after 160 million shares were snapped up on the market by Renaissance Securities, a company controlled by Timba on Tuesday in a deal valued at US$4,8 ...
A MAJOR political battle between Zanu PF and the main MDC wing which could further destabilise the already unstable inclusive government is looming in parliament over the contentious Reserve Bank of Zimbabwe Amendment Bill. The fight, coming at a time when the power struggle within the coalition government is intensifying necessitating the current regional diplomatic intervention, could fuel ...
TALKING to many business owners today, the major impediment in their way is the lack of working capital and long term loans to re-structure their balance sheets after a decade of negative physical capital formation. That granted, they see a bright future where productive capacity utilisation levels will increase. Notwithstanding the current predictability of the broad pricing mechanism, many fail ...
Labour Minister Membathisi Mdladlana says South Africa will use the Chinese delegation's visit to the country to learn more about job creation.
The Agricultural Bank of Namibia (Agribank) has implemented the Software Application Programme (SAP) and Enterprise Resource Program (ERP) aimed at improving client service delivery.
Kalahari Minerals plc, the AIM listed mining exploration and evaluation group with a portfolio of uranium, gold and base metal interests in Namibia has began trading on the Namibian Stock Exchange.
The Erongo region has been experiencing a uranium boom due to increases in the price of uranium over the past few years.
SA NEEDS to deal with structural problems, such as poor education, HIV/AIDS and crime, to achieve sustainable economic growth, the World Trade Organisation (WTO) said in its trade policy report on SA, released on Wednesday.
The Namibia Stock Exchange shared in the strong global growth since 2003, with the overall index increasing from 259 at the end of March 2003, to peak at 1034 on 11 October 2007.
THE government's cancellation of its order of eight Airbus A400M transport aircraft was absolutely the right thing to do, drawing a line through a contract it should have never signed in the first place.
The Bank of England increased its bond-buying programme by £25b n to £200b n yesterday and analysts said it would be the last expansion of the scheme to revive Britain's recession-hit economy.
OLD Mutual yesterday said it had traded well in its third quarter as it continued to actively address shareholder concerns that were raised last year.
DEVELOPMENT, regeneration and investment in Namibia and its regions continue to be the basis for Tungeni Investment's vision, mission and success, the company says.
NAMPOWER yesterday introduced the four contractors who will be responsible for delivering and installing the fourth turbine and generator for the Ruacana hydropower plant on the Kunene River.
Active Discussions: Southern Africa Business